China's Dishonest ‘Debtors’ Displayed On Led Screens;At Least 8 New Energy Vehicles Catch Fire Daily

Sharp rise in executions of dishonest individuals in China, defaulters publicly displayed by the court. Hangzhou Asian Games Organizing Committee's candid revelation, CCP's lavish spending of 224.8 billion, with only 5.3 billion in total revenue. Is she destined to destroy the CCP? Scholar observes she's army mobilization, major upheaval looms. Burning eight vehicles daily, how can China's new energy cars break the stalemate? It's all covered in today's China Truths. Sharp rise in executions of dishonest individuals in China, defaulters publicly displayed by the court. Recently, videos shared by Chinese mainland netizens on social media platforms have revealed that various government agencies across different regions are publicly disclosing personal information of individuals declared as dishonest debtors through LED outdoor advertising screens. The information displayed on LEDs also includes their photographs, addresses, identification documents, and in some cases, certain courts even employ car-mounted LED screens and broadcasts to disseminate this information within communities, drawing in onlookers. This practice is commonly referred to in public discourse as parading through the streets as an example or public shaming. According to publicly available information, a dishonest debtor refers to a party involved in a legal case who, after the statutory appeal period has expired or after a final judgment has been issued, fails to comply with the court's judgment or arbitration award and enters the enforcement process. In civil litigation, if the defendant doesn't meet the compensation amount specified in the court's judgment within the legally prescribed time frame following the plaintiff's victory in the court's decision, the defendant is labeled as the debtor subject to forced execution by the court. As China's economy continues to face a downturn, there has been a substantial increase this year in the number of individuals whose information has been publicly disclosed by the Chinese Communist Party, CCP, courts. A Weibo user recently shared statistical data, showing that from July 13 to September 25, in a span of roughly 72 days, the nationwide count of cases involving dishonesty debtors has surged from over 8.3 million individuals to more than 8.44 million individuals, marking an increase of over 140,000 individuals. On average, this translates to an increment of about 2,000 individuals per day. It's worth noting that this calculation specifically considers the number of defendants involved when plaintiffs These are individuals against whom the court has issued judgments to fulfill their obligations, but due to financial constraints, they are unable to do so. If we were to take into account cases where debtors owe money to family members or friends but haven't gone through the formal legal process, the number could potentially be significantly higher. Following this revelation, the user provided another batch of statistical data. Between July 13 and August 5, in a mere 22-day span, the number of cases in which plaintiffs sought execution increased by over 1.04 million, averaging between 40,000 to 50,000 new cases per day. The user continues to disclose the third set of statistical data, indicating that based on the stock data as of August 5, the number of closed execution cases in 2023 exceeded 7.91 million. In the same year, there were a total of over 9.6 million individuals involved in execution cases, with approximately 1.68 million individuals who had not yet initiated the execution process. Based on these datas, after doing calculations, it is highly probable that the number of dishonest debtors will reach 10 million by 2023. This implies that among all Chinese citizens, approximately one dishonest can be found among every 140 people. If we exclude the elderly and children under 22 years of age, the question arises, how many adults would have one dishonest debtor among them? The user said, I encourage you to open your eyes and observe your surroundings. Especially during the three years of the pandemic, the number of dishonest debtors has consistently increased each year. To be more specific, on March 17, 2020, this number was already over 5.74 million, by March 11, 2021, it had climbed to over 6.38 million, by February 27, 2022, it had surged to over 7.18 million, and as of March 9, 2023, the number had surpassed 8.03 million. Statistics from mainland media indicate that when considering a labor force population of over 890 million individuals aged 15 to 59, the proportion of dishonest individuals nationwide is approximately 0.898%. In simpler terms, there is approximately one dishonest debtor for every 100 people. Individuals listed in the Chinese Communist Authority's Registry of Dishonest Debtors, known as laolai, face various measures, including restrictions on consumption, mass layoffs and business closures are behind the surge in the number of dishonest debtors. The Chinese authorities have issued several notices requiring government entities at various levels to tighten their budgets and prepare for prolonged periods of fiscal restraint. Recently, several regions in China have undertaken significant efforts to reduce the number of extra personnel in government and public institutions, leading to considerable social concern. Some Chinese scholars believe that after reducing extra personnel, further cuts in regular personnel may be anticipated. Many government and public institution employees, particularly those with housing and car loans, will find themselves in economic distress if they lose their jobs. In recent years, the CCP authorities' crackdown on real estate developers has triggered a nationwide real estate crisis, putting local governments under significant financial pressure. Revenues derived from land sales typically constitute more than 30 percent of local government income. Additionally, there are several factors contributing to the financial strain experienced by Chinese local governments. According to the annual budget reports of local Chinese governments, each province spent at least several hundred billion yuan on pandemic prevention and control measures alone in 2022. The strict lockdown policies implemented by the authorities have severely impacted China's real economy, resulting in numerous business closures and job losses. Hangzhou Asian Games Organizing Committee's Candid Revelation? CCP's Lavish Spending of 224.8 Billion, With Only 5.3 Billion in Total Revenue. According to the Chinese media report in the Guangming Daily, the Hangzhou Asian Games will conclude on the eighth day. Notably, Deputy Director of the Market Development Department of the Hangzhou Asian Games Organizing Committee, stated on the fifth day that the total business revenue from market development for the Hangzhou Asian Games and Asian Para Games is 5.316 billion yuan, approximately 728.65 million U.S. dollars. He also mentioned that the sponsorship income and the scale of sponsors for this edition of the Asian Games are the highest in the history of Asian Games. However, according to a report by the paper in June of this year, during the preparations for the Hangzhou Asian Games, the Hangzhou municipal government invested 224.8 billion yuan, approximately 30.8 billion U.S. dollars, from 2016 to 2020 in infrastructure projects such as urban rail transit, Hangzhou West Railway Station, Phase 3 of Xiaoshan International Airport, Asian Games venues, and the Asian Games Village. Even though venue construction expenses are considered direct investments related to the event, after deducting these costs, Hangzhou still invested at least 200 billion yuan in urban infrastructure development during the preparations for the Asian Games from 2016 to 2020. This has raised questions about the cost-effectiveness of hosting the Hangzhou Asian Games. According to a September BBC report, Hangzhou residents believe that the over 200 billion yuan could be better invested in the people. Voice of America also reported in September that locals expressed similar sentiments, emphasizing the need to support the younger generation and address the challenges of job scarcity and business closures. Hong Kong commentator Liu Ruishou believes China prioritizes external propaganda and internal economic gains when hosting sporting events, often overlooking the strain on people and finances. According to him, these events can't alter China's current economic challenges, and for ordinary people struggling with living standards, the Hangzhou Asian Games won't address their problems or spark their interest. Is Xi destined to destroy the CCP? Scholar observes Xi's army mobilization, major upheaval looms. Observers believe that recent political struggles within the CCP involve not only anti-Xi factions but also infighting among Xi's loyalists, and a major upheaval is expected to follow. Recently, Li Chang, the second-in-command of the CCP, was exposed not only for alleged corruption but also for possibly having a foreign son-in-law. Some analysts suggest that Li Chang was personally promoted by Xi Jinping, and now that he is under attack, Xi Jinping's own position could be in jeopardy. Regarding this matter, commentator Wang Yi analyzed that anti-Xi forces are aware that Li Chang is currently the weak link in Xi Jinping's entire power structure. They focus on attacking Li Chang to sow discord between him and Xi Jinping and to undermine Li Chang's reputation. The ultimate goal is to bring down Xi Jinping. It can be seen that the tactics of the anti-Xi forces are extremely malicious. Furthermore, the arrest of Evergrande's chairman, Su Jiayin, is seen by outsiders as Xi Jinping's counterattack and deterrence against political adversaries because Su Jiayin is associated with the red families of Xing Qinghong and Jia Qinglin. Simultaneously, Xi Jinping has conducted a purge at the highest levels of the rocket force. Amid this turmoil, Xi Jinping called for unity at the end of September during the CCP's 74th anniversary banquet. He told the entire party, Our strength comes from unity, and confidence is more precious than gold. Wang Huntao, chairman of the National Committee of the China Democracy Party, commented that prior to this, Xi Jinping had consistently emphasized struggle and bottom-line thinking. This sudden emphasis on unity is actually directed at Xi's own loyalists, urging them to unite. He believes that the CCP will subsequently undergo a major internal purge, and a major upheaval is on the horizon. Talking about the intense infighting within Xi's loyalist circle, observers suggest that Cai Qi, secretary of the Beijing Municipal Party Committee and a member of the CCP's Central Committee Secretariat, being the most notable figure. Mr. Wang he believes that Xi Jinping entrusted party affairs to Cai Qi, who later expanded his authority. Although Cai Qi currently ranks fifth among the seven standing committee members, he wields more power than Li Chang. He is effectively the second-in-command within the CCP. However, the issue is that Cai Qi's qualifications are quite ordinary, and his rise is largely attributed to Xi Jinping's support. If Xi Jinping were to lose power, Cai Qi would likely struggle to maintain control. Xi's loyalists, having finished dealing with external adversaries, are now grappling with internal conflicts. Observers foresaw this scenario even during the 20th CCP Congress. CCP historian Gao Wenqian stated, Historical knowledge suggests that Xi's loyalists, all of the same kind, will soon fragment, vie for favor, and engage in internal infighting, replacing the factional struggles seen in the past within the party. Commentator Du Xing wrote in a published article that the increasingly suspicious Xi Jinping, as he entered his third term and failed to groom a successor according to convention, would inevitably trigger power struggles within his loyalist circle. This could lead to a loss of control over the political situation. The CCP regime, already sitting on a powder keg of public discontent, would be unable to endure. Xi Jinping's particular approach to personnel decisions is seen as determining that the CCP regime would collapse during his generation. Burning Eight Vehicles Daily, How Can China's New Energy Cars Break the Stalemate? China leads the world in the rapid growth of new energy vehicles. According to data from the China Association of Automobile Manufacturers, in August, production reached 843,000 units, while sales reached 846,000 units. These figures represent a month-on-month increase of 4.7% and 8.5%, respectively, and both maintained a robust year-on-year growth rate of over 20%. When examining the cumulative market penetration rate from January to August, it reached 29.5%, with total sales exceeding 5 million units. This represents a nearly 40% year-on-year growth compared to the same period last year, signaling significant expansion in the market. However, accompanying this is a concern for safety, which is at the forefront of market attention, especially in the context of the emergence of statistics from emergency management authorities, which indicates that in just the first quarter of 2023, the self-ignition rate of new energy vehicles increased by 32%, with an average of eight new energy vehicles catching fire, including spontaneous combustion, every day. For businesses, it is absolutely crucial to elevate product quality and safety standards further and mitigate safety issues under normal conditions to guarantee the sustainable growth of the new energy vehicle industry. The issue of lithium battery safety has persisted for 40 years. Ever since the inception of lithium batteries, the spectre of fires has loomed over them, spanning from the era of 3C devices to the electric vehicle era. Lithium battery fires have consistently remained a cause for concern in the market. In 1985, the Canadian company Moly Energy introduced the first A-sized lithium battery with an energy density exceeding 100 Wh per kilogram. In 1989, they launched the second-generation lithium battery product. Japanese computer equipment manufacturer NEC and telecommunications company NTT both incorporated these batteries into their devices, but incidents of fires and explosions followed suit. After extensive testing, NEC discovered that nearly all of their mobile phone batteries were prone to malfunctions. As a result, NEC abandoned the use of lithium as the negative electrode material for batteries. At this juncture, another Japanese giant, Sony Corporation, stepped in. In 1992, Sony successfully developed the lithium-ion battery. This battery had a diameter of 18 mm and a length of 65 mm, which later became the widely used 18650 lithium battery. However, Sony and South Korean giants also grappled with issues of spontaneous combustion. In 2006, Sony faced issues with the laptop lithium batteries it provided, and in 2016, Samsung encountered the battery gate due to battery problems. As the era of electric vehicles commenced, it was Tesla that first confronted issues of spontaneous combustion. On October 1, 2013, a Tesla Model S had an accident in Seattle, USA, where the chassis struck a metal object, puncturing the battery pack. Following the incident, the vehicle immediately alerted the driver to pull over. Once the driver exited the vehicle, the battery began to catch fire. Toward the end of the same month, a Tesla fire incident also took place in Merida, Mexico. With the rapid proliferation of new energy vehicles in China, incidents of electric vehicle fires have become a widely discussed concern. However, these fire incidents have not deterred advancement of these industries. On May 11 of this year, J.D. Power released its 2023 China New Vehicle Purchase Intention Study, revealing that Chinese consumers' inclination to purchase new energy vehicles has been consistently rising, reaching 33% in 2023, marking a six-percentage point increase from the previous year's 27%. This indicates a growing demand for new energy vehicles in the Chinese market. Simultaneously, these issues have prompted regulatory authorities and companies to expedite technological enhancements and bolster product quality and safety through innovation. Ensuring Battery Safety Battery safety is a critical concern addressed through a comprehensive approach. Regulatory authorities set strict standards to minimize battery accidents. The safety requirements for lithium-ion power batteries for electric vehicles mandates that individual battery cells pass tests without catching fire or exploding. These cells should also remain safe during over-discharge, over-charge, external short-circuit, heating, and temperature cycling tests. Companies surpass national standards with advanced battery safety technology. Eadu Digital, a new energy company, ensures battery safety and longevity by employing controlled environments with constant temperature and humidity for slow charging through battery swapping technology. They implement a three-tier monitoring system covering battery management system, BMS, fiber-optic temperature measurement, and environmental monitoring. NIO, a Chinese multinational automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles, which also employs a battery swapping model, uses this technology to comprehensively monitor battery safety. When vehicle batteries enter a battery swapping station, they undergo numerous inspections to ensure their health. The station employs image recognition technology to scan for signs of battery damage, removing batteries with potential issues from circulation. In addition to online self-checks of battery packs and inspections at battery swapping stations, every battery block in NIO vehicles is connected to the NIO Power Cloud. Through a three-tier monitoring algorithm architecture, including feature compression, anomaly detection, and failure diagnosis layers, batteries are continuously monitored in real-time, 24-7, ensuring the safety and health of each battery. Third-party organizations also enhance battery safety during inspection and testing. The China Automotive Engineering Research Institute promotes annual inspections of new energy vehicles, validating the system through cloud-based assessments and offline testing, promptly addressing identified risks. With collaborative efforts, the safety of electric vehicles continues to improve, and the safety system undergoes ongoing optimization and refinement. As battery safety performance advances, the new energy vehicle industry enters the next phase of a virtuous cycle. Don't forget to comment in the section below to share your opinions on today's topic with us. Make sure to like and subscribe to see more interesting topics from China Truths.